Articles for author: Russ Cohen

Russ Cohen

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Navigating the Nasdaq, S&P 500, and Russell 2000 Amidst Profit Taking and Looming Support Test Navigating the Nasdaq, S&P 500, and Russell 2000 Amidst Profit Taking and Looming Support Test

Early buying momentum from pre-market through to morning trading had the potential to stamp bulls’ authority on markets. But by the close, we are again looking at bearish ‘black’ candlesticks for the Nasdaq and S&P 500, with a bearish ‘cloud cover’ for the Russell 2000. For the Nasdaq, we are perhaps looking at an opportunity ...

Russ Cohen

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Tesla: A Comprehensive Analysis of the Recent Earnings Dip Tesla: A Comprehensive Analysis of the Recent Earnings Dip

Tesla, the groundbreaking electric vehicle (EV) manufacturer, has recently experienced a noticeable dip in earnings. Dubbed as the “EV king,” Tesla has historically been a market leader, heralding the revolution in the electric vehicle industry. Despite this, the company’s stock has plummeted by over 50% from its all-time high in 2021, raising concerns among investors. ...

Russ Cohen

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Ford faces $1.7B Q4 Pretax Charge on Pension Accounting Adjustment Ford faces $1.7B Q4 Pretax Charge on Pension Accounting Adjustment

fredrocko/iStock Unreleased via Getty Images Ford’s Q4 Financial Hit Ford (NYSE:F) is expecting a pre-tax remeasurement loss of $1.7 billion in Q4, primarily due to its pension and other post-retirement employee benefits, OPEB. The remeasurement is anticipated to reduce after-tax net income by approximately $1.3 billion, although it will not affect total adjusted EBIT or ...

Russ Cohen

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Spot Bitcoin ETF Approval and Cryptocurrency Market Decline The Ripple Effect: Spot Bitcoin ETF Approval Causes Prices to Decline

The anticipation for the SEC’s decision on a spot Bitcoin ETF stirred up the cryptocurrency market, which had been waiting for the regulatory stamp of approval after Bitcoin’s debut on the Chicago Mercantile Exchange (CME) in late 2017. As the news broke on January 10, 2024, and eight spot ETFs began trading, the market’s reaction ...

Russ Cohen

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Market Analysis – Crude Oil and DuPont Shares Market Analysis: Crude Oil on the Rise and DuPont Shares Plunge

U.S. stocks traded higher midway through Wednesday, with the Nasdaq Composite gaining around 150 points, reflecting a broad market rally as positivity spread. Leading and Lagging Sectors Communication services shares surged by 1.7% on Wednesday, contributing to the market’s upward momentum. In contrast, utility shares took a hit, falling by 0.8% in Wednesday’s trading. Top ...

Russ Cohen

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Netflix Q4 Earnings and Revenue Analysis Netflix’s Q4 Strategy: A Tale of Missed Earnings and Soaring Revenues

Netflix Quarterly Performance Analysis Netflix reported earnings of $2.11 per share for Q4 2023, falling short of the Zacks Consensus Estimate by 4.09%. This marked a substantial increase from 12 cents reported in the year-ago quarter. Meanwhile, revenues for the quarter reached $8.83 billion, demonstrating a 3.4% year-over-year increase and surpassing the consensus mark by ...

Russ Cohen

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Top Computer Software Stocks to Watch in 2024 3 Computer Software Stocks That Could Keep Rising in 2024

Many computer software companies have contributed to the Nasdaq’s impressive performance over the past year. The Zacks Computer-Software Industry’s one-year return is +58%, outpacing the S&P 500’s +21% and the Nasdaq’s +36%. The outlook for top-rated computer software stocks has become very intriguing, driven by the prospects of easing inflation and lower interest rates, which ...

Russ Cohen

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US Cannabis Stocks: Analyzing the Water Tower Research Report US Cannabis Stocks Surge By 69%

In a recent report from Water Tower Research, authored by analyst Jesse Redmond, the cannabis industry’s current landscape paints an interesting, if optimistic, picture. The Impact of Market Gains Since the US Department of Health and Human Services (HHS) hinted at potential changes to marijuana’s classification in August, multi-state operators (MSOs) have skyrocketed by an astonishing 69.07%, while YOLO has ...

Russ Cohen

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The Potential of High-Growth Stocks to Reach $1 Trillion in a Decade

Even though market capitalization shouldn’t influence a company’s growth, the milestone of reaching a trillion-dollar market cap has become a symbol of prestige and success since Apple first achieved this feat in 2018. The market has pushed more companies toward this threshold, changing the way they are viewed once they achieve it. It’s akin to ...